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Inland Revenue says their staff have recently been visiting people and businesses who owe tax, but only if all other attempts to engage with them have failed. Photo: Supplied People with tax debt to Inland Revenue could get a knock on their doors if they ignore other communication. In recent months, the department has been making physical visits - something a spokesperson said it had previously not done in a long time. "Making a physical visit to a person's or business location who owes tax occurs only when other attempts to get engagement have failed," he said. "We don't have a specific threshold but typically would be in relation to larger amounts of tax debt. We recently ran a campaign where we sent targeted text reminders telling the recipients that there was a tax debt that needed ...

The best performing fund is Milford's KiwiSaver active growth fund. Photo: 123RF A dollar invested in the best performing KiwiSaver fund from the start would now be worth nearly $5, new data shows. Morningstar data shows the best performing funds since their inception. Top of the list is Milford's KiwiSaver active growth fund, which had annualised growth since inception of 11.65 percent a year, and cumulative growth of 385.67 percent. Morningstar data director Greg Bunkall said that would mean every $1 invested at the start of the fund would be worth $485.67 now. It was followed by the OneAnswer KiwiSaver Sustainable International Share Fund at 375.06 percent and QuayStreet's KiwiSaver NZ equity fund. On an annualised basis, Superlife's KiwiSaver US large growth fund was top of the list...

Inland Revenue says their staff have recently been visiting people and businesses who owe tax, but only if all other attempts to engage with them have failed. Photo: Supplied People with tax debt to Inland Revenue could get a knock on their doors if they ignore other communication. In recent months, the department has been making physical visits - something a spokesperson said it had previously not done in a long time. "Making a physical visit to a person's or business location who owes tax occurs only when other attempts to get engagement have failed," he said. "We don't have a specific threshold but typically would be in relation to larger amounts of tax debt. We recently ran a campaign where we sent targeted text reminders telling the recipients that there was a tax debt that needed ...

Photo: RNZ House prices are likely to stay flat through this year but increase 7 percent over 2025, BNZ says. In an update on Tuesday, chief economist Mike Jones said demand and housing activity would pick up from here as interest rates fell. But at first, that demand would just soak up some of the increased number of houses for sale and avoid further price falls. Real Estate Institute data shows there were almost a third more properties listed for sale in July than the same time a year earlier. But Jones said towards the end of the year, there would be a "modest upswing" in prices. Although the labour market might deteriorate for another year or so, he said, sharp falls in mortgage rates would probably boost the housing market as other economic activity improved. "Anecdotal evidence poi...